My fiance’s mother is a property lawyer. I am hopeful that I'll be able to get mate’s fee for conveyancing, However if that does not come materialise, what kind of fees would I typically be looking at for conveyancing in Gotham?
You should contrast pricing. Do use our search tool on this page. The prices will contrast greatly but service levels do differ between solicitors as is the case with the vast majority of professional services.
Will conveyancers ask for money up-front when it comes to conveyancing in Gotham?
Where you are retaining lawyers for conveyancing in Gotham your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the total price then this should be asked for shortly prior to contracts are exchanged. The final balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.
It has been 2 months since my purchase conveyancing in Gotham took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Gotham differ for new build properties?
Most buyers of new build property in Gotham come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Gotham tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Gotham or who has acted in the same development.
When it comes to my conveyancing in Gotham should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Gotham conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.